Mercosur

• Saturday, January 31st 2015 - 10:44 UTC

  Moody's downgrades Petrobras credit rating because of corruption scandal

  

  Moody's Investors Service has downgraded the credit rating of Brazil's state-owned oil company Petrobras because of the widening kickback-corruption scandal affecting the country's largest corporation.The credit rating agency announced its decision late Thursday in a statement posted on its website.

• Saturday, January 31st 2015 - 09:23 UTC

  Falklands/Malvinas: Celac summit, including Commonwealth members, support Argentina's 'legitimate' claims

  

  The Celac summit held in Costa Rica and which brings together all Latin American and Caribbean countries released a declaration expressing full support for Argentina's 'legitimate' rights over the Falklands/Malvinas, recalls that 2015 marks the 50th anniversary of Resolution 2065 (first UN Assembly General resolution on the Falklands dispute) and again call on the goods offices of Ban Ki-moon to help start negotiations on the Argentina/UK dispute.

• Monday, January 26th 2015 - 08:34 UTC

  Brazil supportive of Mercosur “as long as it does not turn into a burden”

  

  Brazil is ready to preserve the advances achieved by Mercosur but as long as the block does not turn into 'a burden' when it comes to negotiate trade agreements with third parties, according to Agriculture minister Katia Abreu.

• Friday, January 16th 2015 - 06:49 UTC

  Bilateral trade between Mercosur main partners dropped 21.2% in 2014

  

  Bilateral trade between Mercosur two main partners, Brazil and Argentina (first and third largest economies in Latin America) dropped 21.2% last year and with a 139 million dollars deficit for Argentina, according to the Argentine Commerce Chamber, CAC.

• Tuesday, December 30th 2014 - 07:44 UTC

  Argentine Senate passes China deals, Parlasur elections bills

  

  Victory Front pushes forward with two projects aimed at reshaping the scenario in view of next year's presidential campaign.

• Thursday, December 18th 2014 - 04:45 UTC

  Holdout funds, Malvinas: Mercosur presidents back Argentina

  

  Full support also expressed for Venezuela against sanctions from the administration of United States President Barack Obama.

• Thursday, December 18th 2014 - 04:25 UTC

  Paraguay's objections prevent Bolivia from full Mercosur membership

  

  CFK says regional integration not a problem for worldwide integration, labels marketplace a euphemism as the decline in oil price conceals geopolitical interests of other countries

• Wednesday, December 17th 2014 - 03:46 UTC

  Cristina makes major castling on eve of Mercosur Summit

  

  Evo Morales, Governor Urribarri play football - New Intelligence boss appointed.

• Saturday, December 13th 2014 - 04:37 UTC

  Brazil confident since pre-salt oil is profitable 'even at 60 dollars a barrel'

  

  The head of Brazil's National Petroleum Agency, Magda Chambriard said that the country's oil production projects remain 'robust' even as international prices for crude continue to tumble. She underlined that the pre-salt projects of Brazil along ist coast resist prices as low as 60 dollars a barrel.

• Saturday, December 13th 2014 - 04:03 UTC

  Argentina praised Uruguay's support in the Malvinas dispute with UK

  

  Argentina’s ambassador to Uruguay Dante Dovena has praised the “commitment” and support of President Jose Mujica administration in the country’s sovereignty dispute against the UK as he readied to close he 2014 Malvinas Forum in the neighboring nation.